Charles Li Confident Of Wooing More IPOs

The chief executive of Hong Kong Exchanges and Clearing (HKEx), Charles Li, said on Thursday that he is confident that more firms will apply for a listing here under the new share structure regime introduced about two weeks ago.

But Li declined to reveal how many companies have applied so far.

At a function held in April, he had told the media that many companies were waiting to list in Hong Kong under the new rules. Though he didn't provide any numbers, he did say it would "potentially go into the dozens".

Two mainland firms – smartphone maker Xiaomi and mainland biotech firm Ascletis Pharma – have started work on launching their initial public offerings (IPO) here.

But on Thursday Li said he is not worried about numbers at this point as the peak listing period is usually between September and November.